MFS Municipal Income Trust (NYSE:MFM) Declares Monthly Dividend of $0.02

MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.0215 per share by the closed-end fund on Friday, February 28th. This represents a $0.26 annualized dividend and a dividend yield of 4.75%. The ex-dividend date is Tuesday, February 18th.

MFS Municipal Income Trust Stock Performance

NYSE:MFM traded up $0.04 during mid-day trading on Tuesday, hitting $5.44. 91,296 shares of the company traded hands, compared to its average volume of 90,018. The stock’s fifty day moving average price is $5.45 and its 200-day moving average price is $5.54. MFS Municipal Income Trust has a one year low of $5.05 and a one year high of $5.78.

MFS Municipal Income Trust Company Profile

MFS Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.